Property score
59.3
Fair
Overall 59.3 · Newer than most nearby homes
1,026 sqft (top 41%) · Built in 1966 (19 yrs newer than avg)
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 4 parks, and 1 place of worship nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Above average
19 yrs newer than neighborhood avg.
Mother tongue
English · 80%French · 5%
Past 10 years Kern Park sales snapshot (~80% of all data)
243
294.5k
$314/sqft
1947
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59.3 is composed by the two sections below.
Property Score
Community Score
Kern Park
How to read: Share of sales in each ~$50k price band for “kern park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110853
$87K
Median household income
$100K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
25%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
506 Yale Avenue E — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 271 m), 4 parks (nearest 269 m).
Kern Park · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Violent
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 42% | Bottom 48% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 506 Yale Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Kern Park is a practical, no-frills property built in 1966. With 1,026 sqft of living space and a detached garage, it sits on a modest 3,303 sqft lot. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home’s assessed value is notably below average for the city, suggesting a lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes. The basement is noted as unrenovated, presenting a clear project for future value addition.
This property would suit a first-time buyer, an investor, or a hands-on owner comfortable with gradual improvements. Its smaller scale and lower operating costs could also appeal to downsizers seeking simplicity. A less obvious perspective is its relative modernity for the area—it’s a newer build compared to many neighbouring homes, potentially meaning fewer immediate concerns with aging infrastructure common in much older houses. The appeal is grounded in value and potential, not in turn-key luxury.
Section 2: Frequently Asked Questions
1. What is the true price of this home?
The last recorded sale was in October 2023, in the range of $235k-$265k. The current assessed value is $261,000. For the exact historical sold price, you can request it via email from the listing source.
2. How does this home compare to others in the area?
The data shows a mix. Its living space is about average for Kern Park but below the city average. Its lot size is smaller than most in the immediate area and citywide. However, it is a newer construction than most homes on its street and in the neighbourhood.
3. What should I know about the condition?
The listing explicitly notes the basement has not been renovated. Buyers should budget for updating this space and consider a thorough inspection to identify any other deferred maintenance, as the home is nearly 60 years old.
4. Who might this property not suit?
It may not be ideal for buyers seeking a large lot, extensive outdoor space, or a move-in-ready home with a finished basement. Those needing more than ~1,000 sqft of living space may also find it limiting.
5. What is the potential here?
The primary opportunities are in the unfinished basement, which allows for customization, and the value derived from a lower purchase price and assessment. It’s a property where equity can be built through thoughtful updates over time rather than through an already-premium location or size.
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